Luxfer (NYSE:LXFR) Releases Fiscal 22 Earnings Forecast

Luxfer (NYSE:LXFRGet a rating) released an update to its FY22 earnings forecast Monday morning. The company provided EPS guidance of $1.35 to $1.50 for the period, compared to the consensus estimate of Thomson Reuters EPS of $1.37. Luxfer also updated its guidance for fiscal 2022 to $1,350-$1,500 EPS.

NYSE:LXFR traded at $0.03 during Monday trading hours, hitting $17.08. 72,323 shares of the company were traded, against an average volume of 139,568. The company has a market capitalization of $470.21 million, a P/E ratio of 15.96, a price/earnings growth ratio of 1.04 and a beta of 1.01. Luxfer has a 12-month low of $15.34 and a 12-month high of $23.91. The company has a quick ratio of 0.87, a current ratio of 1.95 and a leverage ratio of 0.29. The company’s 50-day simple moving average is $17.58 and its two-hundred-day simple moving average is $18.76.

Luxfer (NYSE:LXFRGet a rating) last released its results on Monday, February 21. The industrial products company reported earnings per share of $0.27 for the quarter, beating the Zacks consensus estimate of $0.20 by $0.07. The company posted revenue of $98.70 million in the quarter, compared to $89.17 million expected by analysts. Luxfer achieved a net margin of 7.99% and a return on equity of 17.79%. During the same period last year, the company posted earnings per share of $0.25. As a group, sell-side analysts expect Luxfer to post 1.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 4. Investors of record on Thursday, April 14 will receive a dividend of $0.13. This is a positive change from Luxfer’s previous quarterly dividend of $0.13. The ex-dividend date is Wednesday, April 13. This represents a dividend of $0.52 on an annualized basis and a yield of 3.04%. Luxfer’s dividend payout ratio (DPR) is currently 48.60%.

A number of research companies have published reports on LXFR. B. Riley raised his price target on Luxfer shares from $26.50 to $27.00 and gave the stock a buy rating in a Wednesday, Feb. 23 research report. Zacks Investment Research downgraded Luxfer shares from a hold rating to a sell rating in a Tuesday, March 1 research report. To finish, began covering Luxfer shares in a research report on Thursday, March 31. They issued a buy rating for the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of LXFR. Dimensional Fund Advisors LP acquired a new stake in Luxfer in Q3 worth $739,000. Millennium Management LLC acquired a new stake in Luxfer in Q2 worth $648,000. Morgan Stanley increased its position in Luxfer shares by 1,323.4% during the second quarter. Morgan Stanley now owns 26,375 shares of the industrial products company valued at $587,000 after acquiring an additional 24,522 shares last quarter. Barclays PLC increased its position in Luxfer shares by 175.0% during the 4th quarter. Barclays PLC now owns 33,445 shares of the industrial products company valued at $645,000 after acquiring a further 21,281 shares last quarter. Finally, Bank of America Corp DE increased its position in Luxfer shares by 132.7% in the 4th quarter. Bank of America Corp DE now owns 30,667 shares of the industrial products company valued at $593,000 after acquiring 17,491 additional shares last quarter. Institutional investors hold 98.69% of the company’s shares.

About Luxfer (Get a rating)

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures and supplies high pressure gas containment materials, components and devices for defense and emergency response, healthcare, transportation and general industrial applications of the end market. It operates in two segments, Gas Cylinders and Elektron.

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